SGX:BEI

Stock Analysis Report

Executive Summary

LHT Holdings Limited manufactures and trades in wooden pallets and timber-related products in Singapore, Malaysia, and internationally.

Snowflake

Fundamentals

Flawless balance sheet average dividend payer.

Share Price & News

How has LHT Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-1.0%

BEI

0.3%

SG Forestry

1.1%

SG Market


1 Year Return

-29.6%

BEI

-9.1%

SG Forestry

2.6%

SG Market

Return vs Industry: BEI underperformed the SG Forestry industry which returned -9.1% over the past year.

Return vs Market: BEI underperformed the SG Market which returned 2.6% over the past year.


Shareholder returns

BEIIndustryMarket
7 Day-1.0%0.3%1.1%
30 Day-2.9%-2.8%-0.3%
90 Day-10.7%-4.7%-5.9%
1 Year-26.1%-29.6%-5.6%-9.1%6.7%2.6%
3 Year0.9%-16.0%-19.4%-24.5%15.5%3.2%
5 Year33.2%0%9.6%1.9%12.0%-6.6%

Price Volatility Vs. Market

How volatile is LHT Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is LHT Holdings undervalued compared to its fair value and its price relative to the market?

40.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BEI (SGD0.5) is trading below our estimate of fair value (SGD0.83)

Significantly Below Fair Value: BEI is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: BEI is poor value based on its PE Ratio (14.5x) compared to the Forestry industry average (13.6x).

PE vs Market: BEI is poor value based on its PE Ratio (14.5x) compared to the SG market (13.4x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate BEI's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: BEI is good value based on its PB Ratio (0.5x) compared to the XA Forestry industry average (0.8x).


Next Steps

Future Growth

How is LHT Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

11.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BEI's forecast earnings growth (11.2% per year) is above the savings rate (2.3%).

Earnings vs Market: BEI's earnings (11.2% per year) are forecast to grow faster than the SG market (5.7% per year).

High Growth Earnings: BEI's earnings are forecast to grow, but not significantly.

Revenue vs Market: Insufficient data to determine if BEI's revenue is forecast to grow faster than the SG market.

High Growth Revenue: Insufficient data to determine if BEI's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if BEI's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has LHT Holdings performed over the past 5 years?

8.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: BEI's earnings have grown by 8.7% per year over the past 5 years.

Accelerating Growth: BEI's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: BEI had negative earnings growth (-77.2%) over the past year, making it difficult to compare to the Forestry industry average (14.3%).


Return on Equity

High ROE: BEI's Return on Equity (3.6%) is considered low.


Return on Assets

ROA vs Industry: BEI's Return on Assets is below or equal to the Forestry industry average last year.


Return on Capital Employed

ROCE Improving: BEI is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is LHT Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: BEI's short term assets (SGD44.5M) exceeds its short term liabilities (SGD5.2M)

Long Term Liabilities: BEI's short term assets (44.5M) exceeds its long term liabilities (3.6M)


Debt to Equity History and Analysis

Debt Level: BEI is debt free.

Reducing Debt: BEI has no debt compared to 5 years ago when its debt to equity ratio was 8.1%.

Debt Coverage: BEI has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: BEI has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: BEI has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if BEI's debt is covered by short term assets.


Next Steps

Dividend

What is LHT Holdings's current dividend yield, its reliability and sustainability?

6.00%

Current Dividend Yield


Dividend Yield vs Market

company6.0%marketbottom25%2.5%markettop25%5.7%industryaverage2.9%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: BEI's dividend (6%) is higher than the bottom 25% of dividend payers in the SG market (2.54%).

High Dividend: BEI's dividend (6%) is in the top 25% of dividend payers in the SG market (5.69%)

Stable Dividend: BEI's dividend payments have been volatile in the past 10 years.

Growing Dividend: BEI's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (87%), BEI's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

What is the CEO of LHT Holdings's salary, the management and board of directors tenure and is there insider trading?

11.6yrs

Average management tenure


CEO

Mui Yap 0

2.7yrs

Tenure

0

Ms. Mui Kee Yap has been the Chairman, Chief Executive Officer and Managing Director at LHT Holdings Limited since February 10, 2017 and has been its Executive Director since January 2, 1988. Ms. Yap has b ...


Management Age and Tenure

11.6yrs

Average Tenure

55yo

Average Age

Experienced Management: BEI's management team is seasoned and experienced (11.6 years average tenure).


Board Age and Tenure

16.4yrs

Average Tenure

65.5yo

Average Age

Experienced Board: BEI's board of directors are seasoned and experienced ( 16.4 years average tenure).


Insider Trading

Insider Buying: BEI insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyS$24,00411 Oct 19
Mui Yap
EntityIndividual
Role
Chief Executive Officer
Chairman
Shares46,100
Max PriceS$0.52
BuyS$38,37616 May 19
Mui Yap
EntityIndividual
Role
Chief Executive Officer
Chairman
Shares58,500
Max PriceS$0.66
BuyS$13,50008 Mar 19
Mui Yap
EntityIndividual
Role
Chief Executive Officer
Chairman
Shares20,000
Max PriceS$0.67
BuyS$181,62812 Dec 18
Mui Yap
EntityIndividual
Role
Chief Executive Officer
Chairman
Shares267,100
Max PriceS$0.68
BuyS$69,00030 Nov 18
Mui Yap
EntityIndividual
Role
Chief Executive Officer
Chairman
Shares100,000
Max PriceS$0.69

Ownership Breakdown


Management Team

  • Sally Yap (55yo)

    Company Secretary

    • Tenure: 21.3yrs
  • Mui Yap

    Chairman

    • Tenure: 2.7yrs
  • Kim Tan (69yo)

    Founder

    • Tenure: 39.2yrs
  • William Yap

    Senior Sales Manager

    • Tenure: 34.3yrs
  • Billy Neo

    Executive Director

    • Tenure: 2.7yrs
  • Vincent Tan (50yo)

    Financial Controller & Administrative Manager

    • Tenure: 4.6yrs

Board Members

  • Kok Hiang Tan (69yo)

    Non-Executive Lead Independent Director

    • Tenure: 0yrs
  • Sally Yap (55yo)

    Company Secretary

    • Tenure: 21.3yrs
  • Peng Kit Low

    Non-Executive Independent Director

    • Tenure: 20.3yrs
  • Mui Yap

    Chairman

    • Tenure: 2.7yrs
  • Kim Tan (69yo)

    Founder

    • Tenure: 39.2yrs
  • Chiaw Ching Wu (62yo)

    Non-Executive Independent Director

    • Tenure: 12.6yrs
  • Billy Neo

    Executive Director

    • Tenure: 2.7yrs

Company Information

LHT Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: LHT Holdings Limited
  • Ticker: BEI
  • Exchange: SGX
  • Founded: 1977
  • Industry: Forest Products
  • Sector: Materials
  • Market Cap: S$26.622m
  • Shares outstanding: 53.24m
  • Website: https://www.lht.com.sg

Number of Employees


Location

  • LHT Holdings Limited
  • 27 Sungei Kadut Street 1
  • Singapore
  • 729335
  • Singapore

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BEISGX (Singapore Exchange)YesOrdinary SharesSGSGDJul 1999

Biography

LHT Holdings Limited manufactures and trades in wooden pallets and timber-related products in Singapore, Malaysia, and internationally. It operates through four segments: Pallet/Packaging, Timber Related P ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/23 12:39
End of Day Share Price2019/10/23 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.